Shenzhen Gelle Industry Co., Ltd. announced that it will receive CNY 10,000,000 in a round of funding on August 12, 2023. The company will issue common shares in the transaction. The transaction will include participation from returning investor, Chengdu Guibao Science & Technology Co.,Ltd. to retain majority stake in the company.

This has been approved in the 10th session of the company?s 6th directorate and the 7th session of the company?s 6th supervisory board. The registered capital of the company is CNY 1,000,000. Post-completion of the transaction Chengdu Guibao Science & Technology Co.,Ltd. will hold 90.91% stake in the company.